H&R Block, Inc. (NYSE:HRB) Stock Holdings Lifted by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its holdings in H&R Block, Inc. (NYSE:HRB - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 884,714 shares of the company's stock after buying an additional 107,450 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.65% of H&R Block worth $46,748,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Coldstream Capital Management Inc. lifted its position in H&R Block by 4.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,878 shares of the company's stock valued at $309,000 after purchasing an additional 198 shares during the last quarter. Rockland Trust Co. lifted its position in H&R Block by 1.2% in the 3rd quarter. Rockland Trust Co. now owns 16,866 shares of the company's stock valued at $1,072,000 after purchasing an additional 200 shares during the last quarter. EP Wealth Advisors LLC lifted its position in H&R Block by 5.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,245 shares of the company's stock valued at $270,000 after purchasing an additional 221 shares during the last quarter. Bank of Montreal Can raised its position in shares of H&R Block by 1.0% during the 2nd quarter. Bank of Montreal Can now owns 24,467 shares of the company's stock worth $1,327,000 after buying an additional 251 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company's stock worth $35,000 after buying an additional 258 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a research report on Friday, November 8th.

H&R Block Price Performance

Shares of HRB stock traded down $0.22 during midday trading on Friday, reaching $55.23. 951,939 shares of the company were exchanged, compared to its average volume of 1,011,335. The company's 50 day moving average price is $56.13 and its two-hundred day moving average price is $58.74. The company has a market cap of $7.57 billion, a P/E ratio of 13.47, a PEG ratio of 0.81 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.77 and a current ratio of 0.77. H&R Block, Inc. has a 12 month low of $42.28 and a 12 month high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.04). The business had revenue of $193.81 million during the quarter, compared to analyst estimates of $188.78 million. H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. During the same period in the prior year, the firm earned ($1.05) EPS. On average, sell-side analysts expect that H&R Block, Inc. will post 5.27 earnings per share for the current year.

H&R Block Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Thursday, December 5th were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.50 annualized dividend and a dividend yield of 2.72%. H&R Block's dividend payout ratio is currently 36.59%.

H&R Block Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.